Haldex wins new AWD business

Haldex wins new AWD business Stockholm, Sweden, December 2, 2003 - Haldex Traction Systems, a division in the Haldex group, has been nominated to develop and supply the AWD system for a new passenger car model with start 2005. This nomination regards an enlarged supply scope to an existing customer and includesa new car model. In order to fit the requirements of more powerful engines, the AWD system will be modified to increase its torque transfer capabilities. Serial deliveries for the new business are estimated to start in 2005. The annual order value is estimated to 60-70 MSEK. The Haldex group (www.haldex.com), with headquarters in Stockholm, is a provider of proprietary and innovative solutions to the global vehicle industry, with emphasis on products related to vehicle dynamics, safety and environmental issues. Haldex is listed on the Stockholm Stock Exchange and has annual sales of 6.5 billion SEK with 4,000 employees. For further information contact Claes Warnander, President and CEO, or Lennart Hammargren, CFO, phone +46 8 545 049 50. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/02/20031202BIT00360/wkr0001.doc http://www.waymaker.net/bitonline/2003/12/02/20031202BIT00360/wkr0002.pdf

About Us

Over 100 years of powerful innovation gives Haldex unsurpassed expertise when it comes to braking systems and air suspension systems for heavy trucks, trailers and buses. We live and breathe our business with the goal to deliver robust and technically superior solutions which is founded in a deep insight in our customer’s reality. Through focusing on our core competences and the passion we all share, we achieve the agility and flexibility that the market demands. Innovative collaborations aren’t only the core of our products, but our philosophy. Our 2300 employees, spread out across four continents, challenge the conventional on a daily basis in order to secure that the products we deliver create a unique value to our customers and the end users. We are listed on Nasdaq Stockholm and have a turnover of approx. 5 billion SEK.